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Nov 11, 2012
11/12
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. >> neil: well, talk about a snow j as victims of super storm sandy and a winter white out are left to fend for themselves. i'm neil cavuto. as a winter storm was blowing into the northeast, fema was shutting down, closing relief nters throughout new york city, a sign hanging on an office door infuriating victims ever sandy who say they're the ones hung out to dry. and fema says it made the move because of conditions were unsaffe. no power, no heat, no water, no help, no way. now some lawmakers want billions more for fema? some here on the panel to say no way. ben stein, charles payne, gerri willis along with adam lashinsky, and saying give them 15 billion more. >> 14 billion more, but not to fema, it's the wrong place to put it. it's a mess and owes 18 billion dollars from hurricane katrina. i mean, this is an agency that cannot manage itself. the inspector general wrote a long report last year saying the agency is mismanaged, it doesn't have systems in place that can talk to states. they can't talk to each other, they don't have the right computers in place and let me tell you, th
. >> neil: well, talk about a snow j as victims of super storm sandy and a winter white out are left to fend for themselves. i'm neil cavuto. as a winter storm was blowing into the northeast, fema was shutting down, closing relief nters throughout new york city, a sign hanging on an office door infuriating victims ever sandy who say they're the ones hung out to dry. and fema says it made the move because of conditions were unsaffe. no power, no heat, no water, no help, no way. now some...
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Nov 18, 2012
11/12
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. >> neil: do you think the victims of sandy are fuming at fema now, with the cash dwindling they're prepared to ask for at taxpayer funded bailout and reports that fema and red cross workers in new york were shacking upn the swanky soho grand hotel in manhattan. at lst they're getting a discount rate. $310 a night. the red cross footing the tab at $181,000 for their workers and charles doesn't like any of this. and my point on this, i tend to think they got us a bit too much bad press for this, they have to stay somewhere, but i have a problem with it when it's at the expense of folks who are affected by this. >> dave: right of course now they're talking about a bailout for fema, a bailout after katrina and never paid that back and whatever, 16 billion, the post office lost 16 billion. federal housing administratio >> neil: 16 billion. that's a common thing, 16 billion, 16 billion, the number later on. >> a combination. >> neil: and after 16, after 16. >> and listen, of course, they have to find places to stay, it was pretty tight, but it doesn't feel right. i use today stay at the
. >> neil: do you think the victims of sandy are fuming at fema now, with the cash dwindling they're prepared to ask for at taxpayer funded bailout and reports that fema and red cross workers in new york were shacking upn the swanky soho grand hotel in manhattan. at lst they're getting a discount rate. $310 a night. the red cross footing the tab at $181,000 for their workers and charles doesn't like any of this. and my point on this, i tend to think they got us a bit too much bad press...
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or the aftermath of sandy. those things are doing better. i want to look at names that is in the earnings front which is cigna. you see an up arrow hitting a 52 week high. membership growing and that certainly helps their profits. they beat the street and they raised forecasts and they are cutting 4% of the work force through the year 2014 and will reinvest them up at money back into the business. we are seeing an up arrow. back to you. cheryl: thank you very much. positive job news but business execs are very concerned about the rising cost they need to pay for employees's health-insurance. we will get reaction from the head of the nation's largest staffing firm. dennis: the tax man extending the deadline for businesses that file returns on payroll and excise taxes. cheryl: let's look at how the world currencies are faring against the u.s. dollar. the euro, not a lot of movement. the canadian dollar and the peso minimum movement in the currency market. ♪ [ engine revs ] ♪ ♪ [ male announcer ] the mercede
or the aftermath of sandy. those things are doing better. i want to look at names that is in the earnings front which is cigna. you see an up arrow hitting a 52 week high. membership growing and that certainly helps their profits. they beat the street and they raised forecasts and they are cutting 4% of the work force through the year 2014 and will reinvest them up at money back into the business. we are seeing an up arrow. back to you. cheryl: thank you very much. positive job news but...
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how will sandy hurt their bottom line? >> no surprise to hear companies will begin and i'm sure, lori and melissa, over the next 10, 12 days, reporting a lot of companies noting changes in earnings per share because of revenue they expect with sandy. two names already gotten facts on and that includes verizon when they talk about corporate earnings in the current quarter. fourth quarter operating results actually could be significant because of sandy's impact. so that is number one. the other one that we're following closely are the airlines. delta in particular, which canceled more than 3500 flights. of course they're trying to get back to normal out of new york's laguardia airport today, saying it could impact october profit by $20 million in revenue by $45 million. so this negative impact just not on the two names. you will hear from a lot of companies. back to you. lori: just getting started, nicole, thank you. melissa: better than expected jobs reported playing on the commodity markets. fox business's and commodities
how will sandy hurt their bottom line? >> no surprise to hear companies will begin and i'm sure, lori and melissa, over the next 10, 12 days, reporting a lot of companies noting changes in earnings per share because of revenue they expect with sandy. two names already gotten facts on and that includes verizon when they talk about corporate earnings in the current quarter. fourth quarter operating results actually could be significant because of sandy's impact. so that is number one. the...
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breaking news in the aftermath of sandy. con edison said ma it may take until next saturday or sunday, a week from this weekend november 10 or 11th restoring power to some customers. those served by underground networks in midtown and lower manhattan who lost power during the storm will have their service back by this saturday. lori: that affects me. melissa: come on over, we have plenty of room. lori: an unbelievable tragedy. this is the swath of damage and it is unbelievable. melissa: you can come on over, we're happy to have you. the dogs might have to sit outside, that might be a dealbreaker. lori: on a serious note, the froth thickens over the whole thing of trading, might have less to do with super storm sandy than you think. charlie has exclusive details. >> this will be pored over for the next couple of weeks why they had to close because it is not just getting human beings on the ground, there were contingency plans being worked out saturday by the major exchanges and wall street firms. here's what some of the big b
breaking news in the aftermath of sandy. con edison said ma it may take until next saturday or sunday, a week from this weekend november 10 or 11th restoring power to some customers. those served by underground networks in midtown and lower manhattan who lost power during the storm will have their service back by this saturday. lori: that affects me. melissa: come on over, we have plenty of room. lori: an unbelievable tragedy. this is the swath of damage and it is unbelievable. melissa: you can...
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it wasn't just 13 sandy. the mainstream media backed president obama on several issues throughout the campaign. joining us is brent basel of media research. did the media help president obama? of course. you told us many times. here is my point. may be the establishment media reflects a change in america, a change to american society. when they get out and held president obama rhee distribute and beat on his side to that effect they simply reflect underlying trends in our society. emma right? am i completely wrong? >> if you look at the philosophies of voters out there, only 18% called themselves liberals. people don't subscribe to this redistribution policy obama has. what happened was this. the press was out of control this year in its agenda to elect barack obama. it did it two ways. the dimensional way, through the politics by commission. they introduced a new bias which was the bias by omission. they stopped reporting news. if it went against the narrative. two questions we have to determine still, what
it wasn't just 13 sandy. the mainstream media backed president obama on several issues throughout the campaign. joining us is brent basel of media research. did the media help president obama? of course. you told us many times. here is my point. may be the establishment media reflects a change in america, a change to american society. when they get out and held president obama rhee distribute and beat on his side to that effect they simply reflect underlying trends in our society. emma right?...
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it is the sandy stealth stimulus. and i think advisors want to be able to see with all of the damage 60 million people impacted there's a lot of television sets and automobiles and housing and all these things that will be impacted. in terms of purchasing. if you're taxing those people that have that ability, if you're taking away that stimulus, it is going to have an impact on the economy. lori: so do you understand why some people would look at the survey, john, i'm playing devil's advocate, it is really skewed. mitt romney always had the 1%, if you will, vote. is there anything to takeaway in terms of what tax policy should look like across the board, specifically corporate taxes even in that respect to really get the economy and working the jobless crisis as well going again? >> i think so. 70% of the respondents said that we need to see a cut in corporate taxes. now we both know that both candidates are proposing this. i think the key is going to be how well they do in getting rid of loopholes that really have ma
it is the sandy stealth stimulus. and i think advisors want to be able to see with all of the damage 60 million people impacted there's a lot of television sets and automobiles and housing and all these things that will be impacted. in terms of purchasing. if you're taxing those people that have that ability, if you're taking away that stimulus, it is going to have an impact on the economy. lori: so do you understand why some people would look at the survey, john, i'm playing devil's advocate,...
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i think only history will see how sandy plays out. you do have the president acting like a president for a few days because that is his job. dow you have have some people resentful because they do not have the supplies they need. it discourages the vote if you have a lower turnout in those states, you have better results for governor romney. i am anxious to see how the story plays out historically. i think right now we still have romney ahead. i am very nervous about the potential if governor romney does not win. i do feel very good about his ability to pull this thing out. healthcare law. "wall street journal"'s story about low-wage employers shifting more to part-time workers from ull-time workers to avoid the penalty. you are mentioned in that very article that you started a couple months ago to hire part-time employees to replace full-time employees. if romney won, would you move in the other direction? >> absolutely. you take a full-time job break it in half you have to put part-time jobs. you will see that the bureau of labour s
i think only history will see how sandy plays out. you do have the president acting like a president for a few days because that is his job. dow you have have some people resentful because they do not have the supplies they need. it discourages the vote if you have a lower turnout in those states, you have better results for governor romney. i am anxious to see how the story plays out historically. i think right now we still have romney ahead. i am very nervous about the potential if governor...
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Nov 29, 2012
11/12
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noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward provision. about 2%, but if you look under the hood there are some serious problems and i will let you start there. >> a little bit of fine print. consumer spending was revised lower, business investment in equipment and software. for the upward revision was due to a lot more inventory being accumulated last quarter, partly due to a faster pace of economic activity. not the strengthening in the number we would like to see. lori: does it suggest go to the softening consumer picture, people are not buying stuff simply put question marks >> there is a wait-and-see attitude. not only f
noting hurricane sandy, macy's same-store sales fell, also mentioned sandy as well. kohl's down 10%. lori: thank you, nicole. an upward revision appeared tonight, but our next guest expects growth to decline for the fourth quarter. deutsche bank security nominee with his outlook for next year, and if we get to it, some expectations on continued stimulus which we heard this week as well. this was the second print out of three on third-quarter gross domestic product. looks like a nice upward...
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charles: and images from sandy aren't helping the president anymore, hurting him. stuart: look at this, two states, new york and new jersey, two separate responses to the gas line problem. okay? and first of all, we had chris christie. >> talking about new york. >> and fema came to me and said that they wanted to give away free gas and i told them no. they said, well, we'll take your gas back if you we don't give it away for free. because i was not going to set up the mayhem in new jersey that they had across the river. i said no, and we worked it out and fema is not distributing that to gas stations. >> that's chris christie, talking about the odd-even gas line for license plates, contrast that within new york, governor cuomo accepted the free gas idea, created an absolute frenzy, total chaos, long lines and they dropped the whole thing, so, i guess, charles, free gas is not always good gas. it's the exact opposite than the friday discussion on the price gouging, a lot of the large elements to this is panic and free gas to it, and it makes it worse. >> and depende
charles: and images from sandy aren't helping the president anymore, hurting him. stuart: look at this, two states, new york and new jersey, two separate responses to the gas line problem. okay? and first of all, we had chris christie. >> talking about new york. >> and fema came to me and said that they wanted to give away free gas and i told them no. they said, well, we'll take your gas back if you we don't give it away for free. because i was not going to set up the mayhem in new...
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Nov 28, 2012
11/12
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sandy is expected to be the second most expensive disaster in u.s. history behind hurricane katrina. allstate is the largest publicly-traded home and auto insurer in the united states. >>> your holiday travel plans will cost you more this year. travel sites orbitz and kayak predict travelers traveling to top destinations will pay 8% more than they did last year. that is the latest from the fox business network, giving you the power to prosper. lori: both political sides publicly acknowledging that fiscal cliff talks are making very little progress. i'm shocked. melissa: it is shocking. lori: now president obama is meeting with chief executives for the second time in two weeks. can the business community muster pressure to bring parties closer to a deal. lou dobbs is here with his take. you must be surprised as well, sir? >> i am a little surprised. both sides said they will two out and campaign for their side. republicans say let's be reasonable. the president saying let's raise taxes on those wealthy son of a guns. i don't see what the end result he
sandy is expected to be the second most expensive disaster in u.s. history behind hurricane katrina. allstate is the largest publicly-traded home and auto insurer in the united states. >>> your holiday travel plans will cost you more this year. travel sites orbitz and kayak predict travelers traveling to top destinations will pay 8% more than they did last year. that is the latest from the fox business network, giving you the power to prosper. lori: both political sides publicly...
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Nov 13, 2012
11/12
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the license plate system put in place after superstorm sandy. ratcheting continuing in new york city and long island, still a long line of cars and a long island power story, for national grid facing a class-action lawsuit, thousands of presidents still without power more than two weeks after the hurricane. a lawsuit charges them with breach of contract and gross negligence and fraud and obviously there will be hearings. we are hearing from governor cuomo, utilities are monopolies. great investments but monopolies. dennis: the inevitable class-action lawsuit came because we just suffered one of the worst storms in the one hundred years so let's just beat the heck out of private industry but there has been a failure by the utilities to get back up and running fast enough. cheryl: un by living in the northeast, we have seen -- [talking over each other] dennis: lawyers will get rich off of this before anyone else. new york erskine to use what up with gas lines and frustration. we are live at the cme watching those gas prices. cheryl: northeast pres
the license plate system put in place after superstorm sandy. ratcheting continuing in new york city and long island, still a long line of cars and a long island power story, for national grid facing a class-action lawsuit, thousands of presidents still without power more than two weeks after the hurricane. a lawsuit charges them with breach of contract and gross negligence and fraud and obviously there will be hearings. we are hearing from governor cuomo, utilities are monopolies. great...
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Nov 29, 2012
11/12
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kohl's is blaming hurricane sandy. maybe -- i can't wait to hear the retailers and how much did hurricane sandy affect business? the one good piece of news is the thanksgiving weekend shopping was good and encouraging. stuart: hold on a second. as soon as you said kohl's is blaming hurricane sandy charles purcell with laughter. charles: it is a disingenuous -- i wish these companies would come clean at least internally. coles has been in trouble. they were a star a decade ago and have not kept the magic going. who goes to cold anymore? go to wal-mart or target. nicole: if you are stuart varney the to the third floor of tiffany. stuart: good one. kohl's is down. thank you very much. the fbi processes 150,000 background checks for gun purchases just on black friday alone. gun sales clearly booming. worried that president obama will take away their second amendment rights. do you remember this? >> you will see a siege on the second amendment we have never seen before. president obama is trying to camouflage this issue, fo
kohl's is blaming hurricane sandy. maybe -- i can't wait to hear the retailers and how much did hurricane sandy affect business? the one good piece of news is the thanksgiving weekend shopping was good and encouraging. stuart: hold on a second. as soon as you said kohl's is blaming hurricane sandy charles purcell with laughter. charles: it is a disingenuous -- i wish these companies would come clean at least internally. coles has been in trouble. they were a star a decade ago and have not kept...
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Nov 13, 2012
11/12
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home depot a win-win when it comes to hurricane sandy. not in all cases because obviously they had to close doors but sales did well for them. tracy: this morning you said it doesn't take a brain surgeon to figure out why home depot is up. come on, you're not wrong. you are not wrong, girlfriend. see you in 15 minutes, nicole. >>> coming up we have a fox business exclusive interview with sir martin sorrell, head of globalizing giant wpp. we'll get his take on the state of the global economy. next he will be with peter barnes. but first, let's take a look how the dollar is moving right now as we head out to break. the dollar up against the euro and the u.k. pound, mexican pesos and japanese yen as well. we'll be right back. >> at 21 minutes past the hour i'm arthel neville with your fox news minute. a congressional report suggests that the food and drug administration wanted to shut down the pharmacy responsible for a recent meningitis outbreak back in 2003. the house energy and commerce committee releasing a telling history of the new eng
home depot a win-win when it comes to hurricane sandy. not in all cases because obviously they had to close doors but sales did well for them. tracy: this morning you said it doesn't take a brain surgeon to figure out why home depot is up. come on, you're not wrong. you are not wrong, girlfriend. see you in 15 minutes, nicole. >>> coming up we have a fox business exclusive interview with sir martin sorrell, head of globalizing giant wpp. we'll get his take on the state of the global...
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Nov 20, 2012
11/12
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tracy: hundreds of homes to be demolished in new york and new jersey in the wake of sandy so finding a contractor who is not out to take advantage of you is no easy task. joining us is angie's list co-founder. we have to worry about crooks, but there's a lot out there, aren't there? >> there are. it's app unfortunate situation, especially when a storm of this mag magnitude goes through an area. it brings out those looking to take advantage of you. it's important you are your own advocate making sure you know exactly who you are are working with and question, question, question. tracy: what am i looking for, though? i know your membership is up, up 68% year over year. what can i get from your site to help me make a decision? >> sure. we collect reviews on local service companies to tell you which roofers, which tree service companies have had a good review from consumers in the area, have a good reputation so you can find someone to provide good service, can also direct you to information on insurance, extremely important in these scenarios. what else we are doing is working to bring
tracy: hundreds of homes to be demolished in new york and new jersey in the wake of sandy so finding a contractor who is not out to take advantage of you is no easy task. joining us is angie's list co-founder. we have to worry about crooks, but there's a lot out there, aren't there? >> there are. it's app unfortunate situation, especially when a storm of this mag magnitude goes through an area. it brings out those looking to take advantage of you. it's important you are your own advocate...
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Nov 12, 2012
11/12
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sandy on track now to become one of the most expensive hurricanes in history. the superstorm caused an estimated $50 billion in economic damages. up to $20 billion in insured loss. this according to the disaster modeling firm eqecat. for more on the impact on the insurance industry we're joined by the director of deloitte insurance industry group and former new york state insurance superintendent. sir, you look at that, and you think, oh, my god how will we ever fay for that? you're saying that the property casualty insurers will be fine. >> the industry is very well-capitalized. $20 billion loss is a huge number. to put it in context that is half what katrina was. the industry is well-capitalized. they can handle the $20 billion in insured losses. but as your intro indicated, $20 billion of insured losses is only a piece of it. the total economic damage is much more. of that will be borne by the taxpayer. tracy: so the taxpayer, you're saying will pick up the bill to repair anything federal? things like that, right? explain that. >> the public infrastructure.
sandy on track now to become one of the most expensive hurricanes in history. the superstorm caused an estimated $50 billion in economic damages. up to $20 billion in insured loss. this according to the disaster modeling firm eqecat. for more on the impact on the insurance industry we're joined by the director of deloitte insurance industry group and former new york state insurance superintendent. sir, you look at that, and you think, oh, my god how will we ever fay for that? you're saying that...
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Nov 19, 2012
11/12
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the housing market has improved and hurricane sandy help them as well. then there is best buy. a name that has been very volatile. the founder, who used to be the head of the company, whether or not he would move ahead with his ideas. now, there is talk once again that the ceo and the founder may in fact meet over the next couple of weeks. with this talk, you see it up 1%. back to you. tracy: moving up. we will take it. we will see you in 15 minutes. this is a terrible, terrible story for america. hostess do and federal court this hour. plans to liquidate. the 82-year-old bakery announced last week that it will have to shut down 36 plants around the country after union workers refused to agree. a shutdown would kill 18,000 american jobs. some are hoping a last-minute buyer will sweep in and save them. previous potential buyers have been turned off. fox business will bring you the very latest as the story develops. it is almost shameful. president obama's big win latino voters has sparked some soul-searching in the republican party. will the gop change it stands kraft here is ho
the housing market has improved and hurricane sandy help them as well. then there is best buy. a name that has been very volatile. the founder, who used to be the head of the company, whether or not he would move ahead with his ideas. now, there is talk once again that the ceo and the founder may in fact meet over the next couple of weeks. with this talk, you see it up 1%. back to you. tracy: moving up. we will take it. we will see you in 15 minutes. this is a terrible, terrible story for...
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Nov 26, 2012
11/12
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michael bloomberg released in the request for federal aid for recovery following super storm sandy's devastation. they estimate the total to the $19 billion in losses with the net cost to repair the damage south of $10 billion. u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this holiday season. those are your headlines, now back to melissa. melissa: thank you so much. as the fiscal cliff looms, one area that could be getting hit is your retirement savings. peter barnes is in washington, d.c., with more on this. why are you focusing on this part of the pie? >> it is one of the biggest tax breaks out there, melissa. budget negotiators talking about trimming all kind of tax deductions as part of the fiscal cliff, and some of these are pretty big ones. but get this, now some researchers argue that may not make a difference on the overall retirement savings which could give n
michael bloomberg released in the request for federal aid for recovery following super storm sandy's devastation. they estimate the total to the $19 billion in losses with the net cost to repair the damage south of $10 billion. u.s. immigration and customs enforcement teaming up to announce the seizure of 132 internet domain names accused of selling counterfeit merchandise. according to an icd press release, the websites are set up to do customers into unknowingly buby counterfeit goods this...
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Nov 26, 2012
11/12
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new york mayor michael bloomberg releasing aid: super storm sandy devastation. the city estimates total public and private losses to be $90 billion. the net cost just south of $10 billion. those are your headlines. dr. dennis. dennis: thank you very much. it is cyber monday, and was expecting you to rack up 1.5-liter dollars of online shopping. adam shapiro at one of the busiest places on earth. the fulfillment center in phoenix, arizona, where 200 orders are being fulfilled every single second. >> that is right. i want you to meet a spokesperson for amazon.com, thank you for having us. their revenue is predicted to beat last year. they were from 16-30%. how crucial is today for that? >> today is an important part of the season and the entire quarter. it is our biggest quarter. this is a big part of that, for sure. >> i was curious, as we come over here, if you talk about quarter being important, and obviously for the success. 200 orders per second, this facility alone or throughout the entire area? cheryl: that was worldwide on cyber monday. that was 17.7 milli
new york mayor michael bloomberg releasing aid: super storm sandy devastation. the city estimates total public and private losses to be $90 billion. the net cost just south of $10 billion. those are your headlines. dr. dennis. dennis: thank you very much. it is cyber monday, and was expecting you to rack up 1.5-liter dollars of online shopping. adam shapiro at one of the busiest places on earth. the fulfillment center in phoenix, arizona, where 200 orders are being fulfilled every single...
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Nov 13, 2012
11/12
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FOXNEWS
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we have had katrina and sandy. it is clearr that the department of the homeland security is not doing its job . benghazi and the military is not leaning forward . that the tone of the administration. >> steve: what do you make of the fact that the with main stream media pushing the story, the president didn't know about the petraeus thing until after the election . we had ronald kessler who said the white house knew. >> it is the first time i understood that this had been going on for months. i mean, again, you have a whole new series of hearingings, how could the f.b.i. pick up something like this in the spring and take month to figure it out? >> brian: eric hooleder knew. and you have suspend disbelief. >> let me ask you in th minutia for a moment. petraeus came out stunningly to many after the benghazi attack and said it was the anti-muslim video. and many people were scratching their heads. >> i am told he did not say that. i was told by people in the room, he's the one guy who said it was terrorism. >> brian:
we have had katrina and sandy. it is clearr that the department of the homeland security is not doing its job . benghazi and the military is not leaning forward . that the tone of the administration. >> steve: what do you make of the fact that the with main stream media pushing the story, the president didn't know about the petraeus thing until after the election . we had ronald kessler who said the white house knew. >> it is the first time i understood that this had been going on...